RBS Extends Its Treasury Outsourcing Proposition
The Royal Bank of Scotland is combining the various strands of RBS Financial Markets e-commerce activities with its existing outsourcing operation to form a single enlarged team. The new unit will be headed by Tom Roche, now Managing Director, Head of e-Commerce and Agency Treasury Services (ATS). Tom previously headed up the bank’s treasury outsourcing team, ATS. RBS said the enlarged team would be respond to demand for technology-based solutions from clients looking to achieve cost and time savings either via e-commerce distribution channels or the outsourcing of some or all aspects of treasury. The new unit incorporates RBS Agency Treasury Services, E-ventures, RBS’s proprietary foreign exchange and money markets dealing system, external website development and all other e-commerce related activities in interest rate derivatives and capital markets.